Wayfair, Speeding Towards IPO, Lands $2 Billion Valuation

Wayfair, an online purveyor of home goods, says it raised $157 million from a group that includes T. Rowe Price and other mutual funds, en route to a planned initial public offering in the coming months.

The funding gives the 12-year-old company a valuation of more than $2 billion, according to a person familiar with the terms. That puts it on a par with firms like Box and Snapchat, according to data compiled by The Wall Street Journal and Dow Jones Venture Wire.

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